What is an indirect statutory demerger and how can you use it?
For those that meet the required conditions of a statutory demerger, they can be highly effective. This blog focuses on indirect statutory demergers...
Charlotte Anson Author Page
Director, Tax Team
Charlotte’s Professional Experience
Charlotte joined Price Bailey as a tax trainee in April 2016. Beforehand, Charlotte graduated with a BSc in Maths before going on to study for her PHD in Fluid mechanics from UEA. Throughout her career at Price Bailey, Charlotte has progressed to become a Director in the Tax team and is based in the Cambridge office.
Charlotte has been recognised for her excellence in industry knowledge; in her CTA and ATT exams Charlotte was acknowledged for her outstanding results. Being awarded the ATT Ivison medal for the candidate with the highest mark in paper 1, Personal Taxation, as well as the Gravestock medal for the highest mark on her VAT paper. In her CTA exams, Charlotte received the John Tiley medal for the highest mark in the Advanced Technical Paper on Taxation of Major Corporates.
Charlotte specialises in providing direct and indirect tax advice and regularly assists the corporate and business teams with their VAT and tax questions. Additionally, she works on various complex advisory projects, including corporate reconstructions, sale and purchase transactions, property and construction matters, employee share schemes, research and development and patent box claims. More about Charlotte.
Publications, Coverage and Speaker events
Charlotte often is invited to attend speaker events and seminars. Examples include an upcoming construction and property litigation seminar where Charlotte will attend as a guest speaker on behalf of Price Bailey; exploring contentious legal and VAT issues that have occurred in the construction and property industry. Previous examples of speaker events include a property seminar held at Norwich City Football Club to discuss challenges and opportunities facing the regional, national, and international property market.
Published Content
Charlotte often contributes her specialist knowledge in blog articles for Price Bailey’s website. Covering topics such as VAT FAQs, R&D tax relief changes, VAT Taxable supply. These insights assist with guiding our clients through legislative changes and action.
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Articles by Charlotte
What is a direct statutory demerger and how can you use it?
Statutory demergers are often described as the ‘go-to’ method of demerging, as they are quite literally written in the legislation. Due to their simplicity, i.e. not incorporating or liquidating companies, they are typically cheaper to implement and more straightforward. For those that meet all the relevant conditions, they are extremely effective. However, in practice, they are infrequently used due to the numerous conditions attached. Attempting a statutory demerger without meeting these requirements can lead to tax inefficiencies, highlighting the importance of seeking professional advice prior to demerging your business.
What is a reduction of capital demerger and how can you use it?
With a capital reduction demerger the original company still exists, as it doesn’t undergo liquidation, and for some shareholders and directors this may be more preferable to a s110 demerger. Find out more here...
What is a Section 110 (s110) Demerger and how can you use it?
In this article we discuss the commercial benefits of s110 demergers and the role of the liquidator.